AZR aztec resources limited

**broker valuation**, page-11

  1. nous
    240 Posts.
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    19/02/04
    01:13
    Post #: 389578
    It is interesting Grange values them now 27c.
    In August 03 Bailleau put AZR value at 14c,no drilling since or any other improvement (rise in iron ore price probably annihilated by rise in A$).

    They can't hedge till finance in place (usually part of the package).

    I'd be careful there.BFS 1st half 04.,mining not before 2nd half 05 (so they say).

    Regards

    Nous
    AZR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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